Only if you misunderstand the economics involved. A statutory minimum wage increase is just Government moving the goalposts. Higher wages will follow that increase in the minimum wage due to normal market based arbitrage. Labor should start clamoring for a wage increase.Oh, prices go up almost instantly and eventually, maybe, in a year or two (or more),Eventually, due to that upward pressure on wages.You are the one claiming they can't for the rising minimum wage when labor will have more money to spend.You are even more hilarious. Capitalists pass on costs to the consumers all the time. You are the one claiming they can't for the rising minimum wage when labor will have more money to spend.Not having any valid rebuttals give the lie to You, not me.Not having any valid rebuttals give the lie to You, not me.I don't need to lie,I don't need to lie, unlike right wingers who have nothing but fallacy.You said consumers, like the guy making $30/hr, can afford to pay more, because they'll make more, after the minimum wage is hiked to $15.How is it a lie? The richest can afford it, why shouldn't those rich enough to be paid thirty dollars an hour?
If you can't explain how, just say so.
Or admit you lied.
A higher minimum wage puts an upward pressure on wages. The private sector is a price taker not a price maker since that is a function of Government and done by the public sector under the statutory authority of (the socialism of) Law.
But you still did.
A higher minimum wage puts an upward pressure on wages.
It's quicker if you just admit you lied.
The private sector is a price taker not a price maker since that is a function of Government
The government is a price maker? How did that work out historically?
It worked out fine; public sector command economics achieved full employment and won WWII.
Labor is only one factor of production and those costs can easily be justified and passed on to consumers
Only immoral capitalists do that instead of simply passing costs to the consumer who can afford more with a higher minimum wage.
Your comments rebut themselves.
And your inability to post your proof when challenged.
It worked out fine;
Hilarious!!
Which prices are still made by government?
What percentage is that of the total number?
Must be a lot, because "it worked out fine". DURR
Did you ever explain how the guy making making $30/hr has more money to spend
when the minimum goes up to $15/hr?
the increased unemployment caused by the mandated hike in costs will lead
to higher wages.
That's funny!
Feel free to explain.Only if you misunderstand the economics involved.
Tell that to Capitalists who downsize merely for the bottom line. To some on the left, it would be a good excuse to ask Congress for a tax break to cover that increase for the first year until markets re-arbitrage a new equilibrium.Yes, it's awesome when they do that and increase unemployment and prices. Win-Win!!!
Greed is Good under Capitalism.Cool theory. No really, explain how.
Nobody takes right wingers seriously about economics.
Nobody takes you seriously about anything.Nobody takes right wingers seriously about economics.
Why the fuck else would you downsize?Tell that to Capitalists who downsize merely for the bottom line.
What are you talking about? Capitalists pass costs on to consumers whenever they can get away with it for the bottom line.Why the fuck else would you downsize?Tell that to Capitalists who downsize merely for the bottom line.
To some on the left, it would be a good excuse to ask Congress for a tax break to cover that increase for the first year until markets re-arbitrage a new equilibrium.
When you make a firm unprofitable, a reduction in tax rates is unhelpful.
A new equilibrium is fewer businesses, higher prices and less employment.
About time. Won't happen all at once but this will definitely help.After all that fat cat socialism under the Blob, Biden has some real useful present for the populace: An increase of the federal minimum wage by more than 100 %.
Biden minimum wage proposal could lift more than 1 million workers out of poverty
Federal minimum wage has been frozen at $7.25 for more than a decade, the longest period without a raise since 1938.www.cbsnews.com
I give it six weeks. It'll take AOC just two weeks after she has Xiden "put away" and Xarris will need about a month to kill off any remaining economic activity.Biden and his socialist team will have us in another great depression within 6 months....they have no idea how a economy works.
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And when they can't, they reduce headcount.....sometimes to zero.Capitalists pass costs on to consumers whenever they can get away with it for the bottom line.
Because they are not valued correctly. Just contributors to a form of society our constitution loses not a single word about.Why not? Lots of your people want to come here. Must be a reason for that.Maybe I am leaving my shithole where everything works just fine?What does it matter? You being a foreigner and a resident of another country, won't be getting any of that, will you?After all that fat cat socialism under the Blob, Biden has some real useful present for the populace: An increase of the federal minimum wage by more than 100 %.
Biden minimum wage proposal could lift more than 1 million workers out of poverty
Federal minimum wage has been frozen at $7.25 for more than a decade, the longest period without a raise since 1938.
Can they do all of the work themselves? And, why do you believe socialism was invented; Greed is Good under Capitalism.And when they can't, they reduce headcount.....sometimes to zero.Capitalists pass costs on to consumers whenever they can get away with it for the bottom line.
Lets make a deal. You cons do the low wage jobs and save them this way. 7.25 is a joke, I earned that in a vacation job.When "the bottom line" means "survival" the mind becomes focused. If some jobs go and the business lives then some jobs are saved. But with the progressives they're rather have everyone unemployed and on welfare than some earning their keep.
What other line is there?Tell that to Capitalists who downsize merely for the bottom line. To some on the left, it would be a good excuse to ask Congress for a tax break to cover that increase for the first year until markets re-arbitrage a new equilibrium.Yes, it's awesome when they do that and increase unemployment and prices. Win-Win!!!
Thank you for making the point. You did very well at $7.25 an hour. My first real job, at 16, paid $0.85 per hour. $0.15 below the minimum wage. It paid that because we also received tips. That was a GREAT learning experience. I learned quickly that the harder I worked and the better job I did bagging those groceries, the more money I made. It was great!Lets make a deal. You cons do the low wage jobs and save them this way. 7.25 is a joke, I earned that in a vacation job.When "the bottom line" means "survival" the mind becomes focused. If some jobs go and the business lives then some jobs are saved. But with the progressives they're rather have everyone unemployed and on welfare than some earning their keep.
